Thailand’s investment board announced on Monday that it has approved 90.9 billion baht ($2.7 billion) in investments for data centers and cloud services. These investments are the latest additions to the country’s growing tech sector.
The approved projects feature data centers from several companies. These companies include China’s Beijing Haoyang Cloud&Data Technology, Singapore-based Empyrion Digital, and Thai company GSA Data Center 02.
Beijing Haoyang plans a 300 megawatt data center in Thailand, valued at 72.7 billion baht. The Thai firm has proposed a 13.5 billion baht investment for a 35 MW data center.
An AI boom drives a rush to build infrastructure in Southeast Asia. This infrastructure includes data centers, which house computer servers and equipment that companies use to process and store data.
In January, TikTok announced plans in Thailand to set up data hosting services valued at 126.8 billion baht, according to the investment board. Thailand is Southeast Asia’s second-biggest economy.
Last year, Google said it would invest $1 billion in Thailand. Amazon Web Services previously announced a $5 billion investment in the country over 15 years.
Microsoft has also announced it will open its first regional data center in Thailand.
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